Aug 20, 2020   SOURCE: BusinessWire

Global Industrial Air Purifiers Market (2020 to 2027) - by Type, Portability, and End-user Industry - ResearchAndMarkets.com

The "Industrial Air Purifiers Market by Type, Portability, and End-user Industry: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.

According to this report the global industrial air purifiers market size is expected to reach $4,164.2 million in 2027 from $2,711.0 million in 2019, growing at a CAGR of 5.8% from 2020 to 2027. In 2019, Asia-Pacific dominated the market, in terms of revenue, accounting for 34.1% share of the global industrial air purifiers market.

The deteriorating air quality, owing to heavy traffic, an increase in industrialization, and combustion of fossil fuels has assisted in increasing the cases of respiratory infections and pulmonary diseases, globally. Such diseases contribute toward long-term ailments, which decrease the life expectancy of human beings. The industrial air purifiers, therefore, help in maintaining the air quality standards within the enclosed area where employees spend most of their time. This provides a safe environment for the occupants, which in turn, drives the growth of the global industrial air purifiers market.

Furthermore, the global employment in industries has been propelling significantly in the recent years, due to increase in demand for processed food and metal fabrication. Individuals employed in such industries face direct impacts of the unnatural environment of the enclosed industrial spaces. For instance, the general working shift time of an employee in industry is eight to nine hours. During this period, the employee constantly inhales smoke, fumes, and other small dust particles induced through industrial processes. Such employees face severe health hazards, which may cause prolonged negative effects.

Thus, for maintaining indoor industrial environment and to promote safety of employees, the implementation of industrial air purifiers is necessary. This significantly contributes toward the growth of the industrial air purifier market. Although various regulations have been implemented for maintaining the quality of emissions from industries, the regulations for maintaining air quality standards in the industrial workspace are comparatively few.

To overcome this, various environment protection organizations, such as the United States Environmental Protection Agency (EPA), have specified regulations regarding the health of the workers by implementing appropriate laws. Such initiatives promote the use of industrial air purifiers, which, in turns, augments the market growth.

However, high costs and excessive energy consumption of industrial air purifiers are the major restraining factor of industrial air purifiers market. In addition, a lack of awareness in developing countries of Asia, Africa, and Latin America regarding indoor air quality in industries negatively affects the growth of the market.

On the contrary, constant technological advancements in air filters increase the air cleaning capacity of industrial air purifiers significantly. In addition, the integration of Internet of Things (IoT) and sensors enable effortless use of industrial air purifiers. All these factors are expected to create lucrative opportunities for the growth of global industrial air purifiers market.

Key Benefits

  • The report provides an extensive analysis of the current and emerging global industrial air purifiers market trends and dynamics.
  • In-depth analysis of the market is conducted by constructing market estimations for the key market segments between 2019 and 2027.
  • Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive industrial air purifiers market opportunity analysis of all the countries is also provided in the report.
  • The global industrial air purifiers market forecast analysis from 2020 to 2027 is included in the report.
  • The key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which helps to understand the competitive outlook of the industry.

Key Findings

  • By type, the molecular segment dominated the global industrial air purifiers market share in 2019.
  • On the basis of portability, the portable air purifiers segment is expected to generate high revenue, globally.
  • Depending on end-user industry, the metal processing segment garnered major share of the industrial air purifiers market in 2019.
  • Region wise, Asia-Pacific dominated the market in 2019.
  • LAMEA is expected to witness a high growth rate during the forecast period.

Market Dynamics

Drivers

  • Deteriorating Indoor Air Quality
  • Increase in Occupational Hazards for Industrial Workers
  • Government Initiatives for Maintaining Air Quality in Workspaces

Restraints

  • Lack of Awareness for Indoor Air Quality
  • High Product Costs Coupled With Increased Energy Consumption

Opportunity

  • Technological Advancements in Air Purification Systems

Companies Mentioned

  • Camfil
  • Honeywell International Inc.
  • SPX Corporation
  • Trotec GmbH
  • Parker Hannifin Corporation
  • Euromate BV
  • VFA Solutions B.V.
  • AAF International
  • Airoshine Air Purifiers
  • Mankastu Impex Pvt. Ltd. (Atlanta Healthcare)

For more information about this report visit https://www.researchandmarkets.com/r/b2a996